Loan Documentation Specialist
First Bank, Mercerville-Hamilton Square, NJ, United States
Our goal is to hire and retain talented people with engaging personalities and exceptional work ethics. We believe in recognizing and rewarding employees who consistently perform at a high level.
We offer competitive salaries based upon experience and a comprehensive benefits package upon satisfying eligibility conditions, including health and dental insurance, life insurance, short term and long term disability, and the Bank's 401k Plan.
Position Summary The Loan Documentation Specialist prepares in-house loan documents utilizing the bank's documentation system, Compliance One. The person in this role will also assist with processing all business express loans received through the bank's digital loan origination system. All loan documents must be prepared in accordance with loan approvals, regulatory requirements, and Bank policies and procedures. To achieve success, an individual must be able to perform each essential duty listed below with a high degree of proficiency and understanding of loan documentation requirements.
Prepare in-house loan documentation for new loans, extensions, renewals, and modifications.
Conduct reviews of prepared loan documents to ensure all terms and conditions match what was approved.
Ability to analyze loan structure for loan requests as per bank approvals.
Review loan documentation packages submitted by the Loan Administrator.
Review all types of collateral being taken and searches provided to ensure Bank's ability to perfect its required position.
Review all formation documentation such as Articles of Inc., Certificate of Formation, By-Laws, Operating Agreements, Partnership Agreements and Certificates of Trust, etc. to ensure accuracy of loan documentation.
Process business express loan applications and documents to ensure the proper generation of loan documents received through the bank's digital loan origination system.
Send closing packages for business express loan customers electronically utilizing the bank's digital loan origination system or DocuSign.
Create fee sheets and initiate loan funding via WireExchange.
Accurately input data into Compliance One Lending platform and generate loan documents as per the bank's Presentation for Approvals, Loan Closing Checklists, and Entity Formation Documents.
Review draft loan documents prepared by co-worker for accuracy and completeness.
Provide final approved loan documentation packages to the Commercial Loan Administrator and/or Relationship Manager for execution.
Any additional duties as assigned.
Requirements
Communicate in a clear, comfortable, and confident manner.
Work efficiently and effectively under deadlines and stress, while maintaining a professional demeanor.
Strong time management, organizational, and prioritizing skills.
Problem‑solving skills and having the ability to identify a problem and find a solution.
A willingness to contribute to projects and take immediate action when an all‑hands‑on‑deck situation arises.
Detail‑oriented and able to focus closely on each activity and constantly find ways to finish tasks efficiently.
Carry out responsibilities with professionalism and respect for others in accordance with the Bank's policies.
Proficiency with Microsoft Word, Excel, and Outlook, and the ability to navigate the Bank's computer‑based systems.
Education and/or Experience
Experience in commercial lending with loan operations or paralegal experience or loan closing environment and able to perform loan documentation activities satisfactorily.
Minimum high school diploma required.
Salary Range - $52,000-$60,000
First Bank is an EEO/AA Employer, M/F-Disabled-Veteran and LGBTQ+ can apply to our company for employment opportunities.
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We offer competitive salaries based upon experience and a comprehensive benefits package upon satisfying eligibility conditions, including health and dental insurance, life insurance, short term and long term disability, and the Bank's 401k Plan.
Position Summary The Loan Documentation Specialist prepares in-house loan documents utilizing the bank's documentation system, Compliance One. The person in this role will also assist with processing all business express loans received through the bank's digital loan origination system. All loan documents must be prepared in accordance with loan approvals, regulatory requirements, and Bank policies and procedures. To achieve success, an individual must be able to perform each essential duty listed below with a high degree of proficiency and understanding of loan documentation requirements.
Prepare in-house loan documentation for new loans, extensions, renewals, and modifications.
Conduct reviews of prepared loan documents to ensure all terms and conditions match what was approved.
Ability to analyze loan structure for loan requests as per bank approvals.
Review loan documentation packages submitted by the Loan Administrator.
Review all types of collateral being taken and searches provided to ensure Bank's ability to perfect its required position.
Review all formation documentation such as Articles of Inc., Certificate of Formation, By-Laws, Operating Agreements, Partnership Agreements and Certificates of Trust, etc. to ensure accuracy of loan documentation.
Process business express loan applications and documents to ensure the proper generation of loan documents received through the bank's digital loan origination system.
Send closing packages for business express loan customers electronically utilizing the bank's digital loan origination system or DocuSign.
Create fee sheets and initiate loan funding via WireExchange.
Accurately input data into Compliance One Lending platform and generate loan documents as per the bank's Presentation for Approvals, Loan Closing Checklists, and Entity Formation Documents.
Review draft loan documents prepared by co-worker for accuracy and completeness.
Provide final approved loan documentation packages to the Commercial Loan Administrator and/or Relationship Manager for execution.
Any additional duties as assigned.
Requirements
Communicate in a clear, comfortable, and confident manner.
Work efficiently and effectively under deadlines and stress, while maintaining a professional demeanor.
Strong time management, organizational, and prioritizing skills.
Problem‑solving skills and having the ability to identify a problem and find a solution.
A willingness to contribute to projects and take immediate action when an all‑hands‑on‑deck situation arises.
Detail‑oriented and able to focus closely on each activity and constantly find ways to finish tasks efficiently.
Carry out responsibilities with professionalism and respect for others in accordance with the Bank's policies.
Proficiency with Microsoft Word, Excel, and Outlook, and the ability to navigate the Bank's computer‑based systems.
Education and/or Experience
Experience in commercial lending with loan operations or paralegal experience or loan closing environment and able to perform loan documentation activities satisfactorily.
Minimum high school diploma required.
Salary Range - $52,000-$60,000
First Bank is an EEO/AA Employer, M/F-Disabled-Veteran and LGBTQ+ can apply to our company for employment opportunities.
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